$30,000
0.04 Acres
Land
Lance Morales, Listing Office: Re/Max Pines by the Sea
Is 93428, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, 93428 has remained a Seller's Market.
Key Takeaway
93428 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 93428, CA
How much do homes in 93428, CA cost?
Median Sold Price
$1,010,000
$633/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$41,250(+4.3%)
Key Takeaway
Homes in 93428 have sold for 4.3% more than they did a year ago.
Summary: The median home sold price in 93428 was $1,010,000 in October 2024, up 4.3% from last year, and the median price per square foot was $633.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $625K | $628K | 0.5% |
| 2 Bedrooms | $752K | $811K | +7.8% |
| 3 Bedrooms | $1.1M | $1.0M | -9.8% |
| 4 Bedrooms | $1.6M | $1.4M | -13.8% |
| 5+ Bedrooms | - | $1.2M | N/A |
Summary: 93428 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.5%, 2 bedroom homes increased by 7.8%, 3 bedroom homes decreased by 9.8%, 4 bedroom homes decreased by 13.8%, and 5+ bedroom homes did not change.
Housing Supply in 93428, CA
How many homes are available in 93428, CA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 58 | 63 | +8.6% |
Summary: The 93428 real estate market had 63 homes for sale in October 2024, a 8.6% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 4 | 0.0% |
| 2 Bedrooms | 14 | 15 | +7.1% |
| 3 Bedrooms | 29 | 33 | +13.8% |
| 4 Bedrooms | 7 | 7 | 0.0% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The 93428 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 7.1%, 3 bedroom homes increased by 13.8%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 8 | 16 | +100.0% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 93428, you may be able to get a good deal. 62.5% of homes here sold below asking price last month.
Summary: A total of 16 homes were sold or pending in 93428 in October 2024, up by 100.0% month-over-month. Of the 16 sold homes, 63% were sold under asking, 13% were sold at asking, and 25% were sold over asking.
Days on Market for 93428, CA
How long does it take to sell a home in 93428, CA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 12 Days | 65 Days | +449.5% |
Summary: Homes in 93428 had an average of 65 days on market in Oct 2024, up by 449.5% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 93428 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 16 homes were sold in 93428; 50% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 38% of homes were sold over 90 days.
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